About SourcePro
SourcePro is a company based in Ahmedabad (India) founded in 1992 by Rajesh Shah. SourcePro has raised $961.08 thousand across 3 funding rounds from investors including Tridhya Tech, Shaligram Infotech and Dipalee Ameet Desai. The company has 48 employees. SourcePro offers products and services including New Horizon Enterprise and New Horizon Premier. SourcePro operates in a competitive market with competitors including Infor, Sage Group, Acumatica, The Access Group and MYOB, among others.
- Headquarter Ahmedabad, India
- Employees 48
- Founders Rajesh Shah
- Stage Minicorn
- SectorsTechnologyIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website sourcepro.co.in
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Sourcepro Infotech Private Limited
- Date of Incorporation 16 Jun, 1992
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹7.07 Cr
FY 2024 · +26% YoY
- Net Profit₹11.8 Lakh
FY 2024 · 2% margin
- EBITDA₹1.33 Cr
FY 2024 · 19% margin
- Total Equity Funding$961.08K (USD)
in 3 rounds
- Latest Funding Round$242.66K (USD), Unspecified
Jul 2023
- InvestorsTridhya Tech
& 4 more
- Employee Count48
Associated legal entities of SourcePro
SourcePro operates through Sourcepro Infotech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sourcepro Infotech Private Limited CIN U72200GJ1992PTC017819 | Active | 16 Jun 1992 | Ahmedabad, Gujarat | ₹7.1 Cr | 48 | 3 | View details |
Products & Services of SourcePro
SourcePro offers a comprehensive portfolio of products and services, including New Horizon Enterprise and New Horizon Premier.
Cloud-based ERP solution for enterprise resource planning and business integration.
Advanced ERP platform for streamlining manufacturing and service operations.
Apps and channels of SourcePro
its YouTube channel SourcePro Infotech Pvt. Ltd. has 209 subscribers and 26 videos.
Videos from SourcePro
The most watched videos on SourcePro's YouTube channel, SourcePro Infotech Pvt. Ltd. (209 subscribers). Click a video to play it here.
More on SourcePro Infotech Pvt. Ltd..
Funding Insights of SourcePro
SourcePro has successfully raised a total of $961.08K across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $242.66 thousand completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $961,082
- Total Rounds 3
- Last Round Unspecified — $242,664
- First Round $321,552
(Aug 2020)
- Investors Count 5
All 3 funding rounds of SourcePro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $242,664 | Unspecified | $5.16M | – | |
| Mar 2022 | $396,866 | Unspecified | $4.6M | Tridhya Tech | |
| Aug 2020 | $321,552 | Unspecified | $••••• | Sushil Mehta |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $5.16M | •••••••• |
| Mar 2022 | $4.6M | •••••••• |
| Aug 2020 | $••••• | •••••••• |
Full valuation and stage history of SourcePro
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $5.16M (Jul 2023). 5 investors in total: 3 institutional and 2 angel.
Investors in SourcePro
SourcePro has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include Tridhya Tech, Shaligram Infotech and Dipalee Ameet Desai.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software development, UI/UX design, and data analytics services are provided. | 2018 | tridhyatech.com | Ahmedabad, India | |
Offers software development, web apps, mobile apps, and IT support for businesses globally. | 2003 | shaligraminfotech.com | Ahmedabad, India | |
Provides executive search, HR consulting, and talent management services worldwide. | 1992 | positivemoves.com | San Jose, United States | |
DA Dipalee Ameet Desai | - | – | unknown_86c28e6889ab4ef3b | - |
SM Sushil Mehta | Founder of Lead Angels, active angel investor in Indian startups | – | unknown_464f31017c7d4ea69 | - |
Investor details for SourcePro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Sourcepro Infotech Private Limited (SourcePro)
Sourcepro Infotech Private Limited is the primary company behind SourcePro. The board of Sourcepro Infotech Private Limited currently have 3 directors; the longest-serving is Rajesh Shanalal Shah, appointed in 1992. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Shanalal Shah DIN 00758888 | Director | 16 Jun 1992 | 34 yrs 3 mo | Sourcepro Infotech Private Limited |
| Dipalee Desai Ameet DIN 07731388 | Director | 07 Aug 2018 | 8 yrs 2 mo | Sourcepro Infotech Private Limited |
| Ameetkumar Hiranyakumar Desai DIN 00007116 | Additional Director | 07 Jun 2024 | 2 yrs 4 mo | Sourcepro Infotech Private Limited |
People of SourcePro
30 people are tracked at SourcePro (3 in leadership, 27 in team); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Chetan Turakhia | CEO | Leadership |
Unmesh Mehta | Managing Director | Leadership |
Hemin Shah | Software Developer | Team |
Kuldip Rana | Senior Software Engineer | Team |
Tapansinh Parmar | Jr.software Developer | Team |
Divyang Modi | QA Executive | Team |
Dhanani Hardik | Software Developer | Team |
Vijay Vaghela (Denny) | Team Leader | Team |
Dodiya Mayur | Web Development Lead | Team |
Shiv Baba | Senior Software Developer | Team |
Kishor Makwana | Senior Software Engineer | Team |
Samir Fadadu | Manager Engineering | Team |
Rupal Virparia | Sr. Executive - HR & Admin | Team |
Dipen Dholakiya | Team Lead | Team |
Hiral Desai | Project Manager | Team |
Vishal Patil | Business Development Manager | Team |
Mitul Thakkar | Product Support Executive | Team |
Dhruv Rathod | Technical Support | Team |
Naman Acharya | Presales ERP Consultant | Team |
10 more people are available in the full profile.
Complete people profiles for SourcePro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SourcePro
Figures of Sourcepro Infotech Private Limited, the primary company behind SourcePro, for FY 2024. Revenue was ₹7.07 Cr (+26% year on year). Net profit was ₹11.8 Lakh (2% margin). EBITDA was ₹1.33 Cr (19% margin). Revenue has grown at a compounded annual rate of +36% over three years and +19% over five years.
- ₹7.07 CrRevenue · FY 2024 · +26% YoY
- ₹11.8 LakhNet profit · 2% margin
- ₹1.33 CrEBITDA · 19% margin
- ₹57 LakhPaid-up capital
- 48Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sourcepro Infotech Private Limited are on its company page.
Detailed financial statements for SourcePro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of SourcePro
4 dated milestones of SourcePro across 31 years, from founding to its latest funding, stage changes and deals.
- Founded SourcePro is founded.
- Funding First funding round of $322K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $243K.
Competitors of SourcePro
SourcePro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infor, Sage Group, Acumatica, The Access Group and MYOB, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infor.com | 2002 | New York, United States | $1.52B | 4,832 | Cloud-based ERP software is offered for multiple industries. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| acumatica.com | 2008 | Kirkland, United States | $48.3M | 151 | Cloud-based ERP software is offered for small and medium enterprises. | |
| theaccessgroup.com | 1991 | Loughborough, United Kingdom | $1.49B | 13,107 | Cloud-based ERP software is offered for multiple industries. | |
| myob.com | 1991 | Cremorne, Australia | – | – | Cloud-based accounting and ERP software is provided for businesses. | |
| exact.com | 1984 | Delft, Netherlands | – | 249 | ERP services for small to medium-sized businesses are provided. | |
| omie.com.br | 2013 | Sao Paulo, Brazil | $138.04M | – | Cloud-based ERP and CRM solutions are provided for SMBs. | |
| holded.com | 2016 | Barcelona, Spain | $26.48M | – | Cloud-based tools for business management and operations are offered. | |
| deskera.com | 2008 | New York, United States | $120M | 63 | All-in-one ERP and accounting software is provided for SMBs. |
Detailed competitors of SourcePro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SourcePro
The website of SourcePro (sourcepro.co.in) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 2.1% vs previous month
Websites whose visitors overlap most with SourcePro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
kladana.com | kladana.com | 100% | – | #121,815 | – |
| alphaebarcode.com | 96% | 4.2K | #4,226,995 | View details | |
browseinfo.com | browseinfo.com | 94% | – | #1,043,535 | – |
sagesoftware.co.in | sagesoftware.co.in | 94% | – | #847,237 | – |
| pragetx.com | 93% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for SourcePro
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 29 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to SourcePro
10 companies that operate in the same segment as SourcePro (Enterprise Resource Planning), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 1991 | Loughborough, England, United Kingdom | USD 1.49 B | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | – | 834 | |
Cloud-based ERP software is provided for project-driven organizations. | 1983 | Herndon, Virginia, United States | USD 107.08 M | – | – | |
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Cloud-based accounting and payroll solutions for small and medium businesses | 1981 | United States | – | USD 4.54 M | – | |
Cloud-based ERP software is delivered for multiple industries. | 1998 | Redwood City, California, United States | USD 119.92 M | – | – |
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Frequently Asked Questions about SourcePro
SourcePro was founded in 1992 and raised its 1st funding round 28 years after it was founded.
SourcePro is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Chetan Turakhia is the current CEO of SourcePro.
SourcePro is a funded company, having raised a total of $961.08K across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $321.55K, raised on Aug 2020.
SourcePro has 48 employees.
The primary company behind SourcePro, Sourcepro Infotech Private Limited, reported revenue of ₹7.07 Cr for FY 2024, up 26% year on year.
SourcePro was founded in 1992 in Ahmedabad, India. Cloud-based and on-premises ERP software is provided for small and medium enterprises in various industries. Core modules cover planning, engineering, finance, purchase, sales, production, quality control, excise, store and inventory management, plant maintenance, sub-contracting, and analytics. Warehouse operations are also supported through integrated tools.
SourcePro's top competitors include The Access Group, Infor and Sage Group.
SourcePro offers New Horizon Enterprise and New Horizon Premier.
SourcePro has 5 investors. Key investors include Tridhya Tech, Shaligram Infotech, Dipalee Ameet Desai, Positive Moves, and Sushil Mehta.
The valuation of SourcePro is $5.16M as of Jul 2023.
SourcePro operates through Sourcepro Infotech Private Limited.